Bentham High Yield - Managed Fund

Fund Objective

The Fund aims to outperform its benchmark Merrill Lynch High Yield Cash Pay Constrained Index (hedged to AUD) over the suggested minimum investment timeframe.

Fund Strategy

The Fund is actively managed and aims to provide higher returns than traditional fixed income investments through investing in a diversified portfolio of US corporate debt securities which are rated below investment grade (high yield bonds).

Fund Performance Comparison

Relative Fund Performance vs 143 peers using Bloomberg AusBond Bank 0+Y TR AUD as their benchmark.

Bentham High Yield

Peers

Benchmark (Bloomberg AusBond Bank 0+Y TR AUD)

The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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Fees Comparison

0.67

% p.a.

Bentham High Yield

0.83

% p.a.

Average of peers (143)

NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-1.13%	0.75%	1.04%	5.88%	8.26%	4.15%	6.3%	4.41%
Growth return	-2.73%	-0.89%	-2.23%	-0.94%	0.98%	-3.02%	-1.26%	-2.59%
Income return	1.6%	1.64%	3.27%	6.82%	7.28%	7.17%	7.56%	7%
Market index (Bloomberg AusBond Bank 0+Y TR AUD)
Total return	0.35%	1.07%	2.2%	4.46%	4.32%	3.56%	2.15%	1.99%

As at 31 Mar 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Bentham High Yield

International Equities: 0%

Cash: 9.30%

Fixed Interest: 90.70%

Australian Equities: 0%

Alternatives: 0%

Average Allocation of Peers

International Equities: 0.04%

Cash: 22.24%

Fixed Interest: 77.64%

Australian Equities: 0.05%

Alternatives: 0.03%

General Information

Fund Details

Type	Description
Fund Name	Bentham High Yield
Responsible Entity	Fidante Partners Services Limited
APIR Code	CSA0102AU
Sector/Asset Class	Non Investment Grade Debt
Morningstar Rating	(as at 31 Mar 2025)
Legal Structure	Investment Fund
Fund Inception	16 Oct 1998
Fund Size	$606.75 million (as at 31 Mar 2025)
Entry Price	$0.7022 (as at 8 Apr 2025)
Exit Price	$0.6996 (as at 8 Apr 2025)
Fund Status	Open

Offer information

Type	Description
MER	0.67% (as at 21 Nov 2024)
Indirect Cost Ratio (ICR)	0.67% (as at 30 Jun 2024)
Performance fee (not included in ICR)	Not Available
Minimum initial investment	$10,000.00
Minimum additional investments	$1,000.00
Minimum redemption amount	$1,000.00

Top 10 holdings (as at 31 Mar 2023)

Holding (as at 31 Mar 2023)	Type	% of Portfolio
Speedway Motorsports LLC / Speedway Funding II Inc 4.875%	Bond - Corporate Bond	1.18%
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FAQs about the Bentham High Yield

What is the objective of the Bentham High Yield managed fund?

The objective of the Bentham High Yield managed fund is The Fund aims to outperform its benchmark Merrill Lynch High Yield Cash Pay Constrained Index (hedged to AUD) over the suggested minimum investment timeframe.

What is the strategy for the Bentham High Yield managed fund?

The strategy of the Bentham High Yield managed fund is The Fund is actively managed and aims to provide higher returns than traditional fixed income investments through investing in a diversified portfolio of US corporate debt securities which are rated below investment grade (high yield bonds).

What is the APIR code of the Bentham High Yield managed fund?

The APIR code of the Bentham High Yield managed fund is CSA0102AU.

What was Bentham High Yield’s total return last month?

Bentham High Yield’s total return last month was -1.13%. This was made up of a growth return of -2.73% and an income return of 1.6%. These returns were calculated as at 31 Mar 2025.

What was Bentham High Yield’s total return for the last three months?

Bentham High Yield’s total return for the last three months was 0.75%. This was made up of a growth return of -0.89% and an income return of 1.64%%. These returns were calculated as at 31 Mar 2025.

What is Bentham High Yield’s one-year total return?

Bentham High Yield’s one-year total return is 5.88%. This was made up of a growth return of -0.94% and an income return of 6.82%. These returns were calculated as at 31 Mar 2025.

What is Bentham High Yield’s three-year total return?

Bentham High Yield’s one-year total return is 4.15%. This was made up of a growth return of -3.02% and an income return of 7.17%. These returns were calculated as at 31 Mar 2025.

What is the asset allocation of the Bentham High Yield managed fund?

The asset allocation of the Bentham High Yield managed fund is :

International Equities: 0%

Cash: 9.30%

Fixed Interest: 90.70%

Australian Equities: 0%

Alternatives: 0%

Who is the responsible Entity of the Bentham High Yield managed fund?

The Responsible Entity for the Bentham High Yield managed fund is Fidante Partners Services Limited.

What sector/asset class does the Bentham High Yield managed fund belong to?

The Bentham High Yield managed fund belongs to the Non Investment Grade Debt sector/asset class.

What is the size of the Bentham High Yield managed fund?

As at 31 Mar 2025, the size of the Bentham High Yield managed fund was $606.75 million.

What is the inception date of the Bentham High Yield managed fund?

The Bentham High Yield managed fund has an inception date of 16 Oct 1998.

What is the current entry price of the Bentham High Yield managed fund?

The current entry price of the Bentham High Yield managed fund is $0.7022 per unit and the current exit price is $0.6996 per unit (as at 8 Apr 2025).

What is the current exit price of the Bentham High Yield managed fund?

The current exit price of the Bentham High Yield managed fund is $0.6996 per unit and the current entry price is $0.7022 per unit (as at 8 Apr 2025).

What is the minimum investment amount for the Bentham High Yield managed fund?

The minimum initial investment amount for the Bentham High Yield managed fund is $10,000. Minimum additional investment is $1000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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